(CRA) Community Reinvestment Act Officer - Big Bank - REMOTE/HYBRID

GPAC • New Orleans, LA

385d • Remote

About The Position

The Community Reinvestment Act (CRA) Officer is responsible for overseeing the compliance program of a Large Bank regarding the Community Reinvestment Act. This role involves developing, implementing, and monitoring the CRA compliance program to ensure the bank meets the credit needs of the communities it serves, particularly low- and moderate-income neighborhoods and communities of color. The CRA Officer acts as the primary contact for CRA-related issues and collaborates with various stakeholders to maintain compliance with federal regulations and internal policies.

Requirements

• Bachelor's degree and two or more years of CRA-related experience in a Large Bank ($2 Billion plus).
• Strong competency in Microsoft Office and ability to learn Google Workspace (G Suite).
• Knowledge of consumer, mortgage, and small business lending operations and services.
• Knowledge of federal banking regulations, particularly the CRA (Regulation BB).
• Well-organized, efficient, detail-oriented, and able to work independently.
• Strong writing and analytical skills.
• Ability to conduct thorough research and interpret laws and regulations.
• Combination of leadership, organizational, credit, and communication skills.
• Ability to work well under pressure and meet deadlines.

Nice To Haves

• Knowledge of and experience in CRA programs, affordable housing mortgages, and community development activities.

Responsibilities

• Maintain the Large Bank's CRA strategic program and goals to ensure alignment with the Bank's overall strategy.
• Perform periodic reviews of the Large Bank's assessment areas to ensure reasonableness of the delineation and present changes for Board approval.
• Prepare CRA Self-Assessment annually to achieve satisfactory CRA ratings.
• Supervise the CRA Community Development staff and support their development.
• Ensure maintenance of the Bank's CRA public files and lobby notices as required by the CRA.
• Oversee the filing of an error-free CRA-LR by the annual March 1st deadline.
• Coordinate annual CRA training for all bank personnel and the Board of Directors in conjunction with the Training Manager and Directors of Compliance and Community Development.
• Ensure compliance with all CRA regulations and exceed expectations of the regulatory agency.
• Oversee data collection, review, integrity, and reporting for small business, small farm, and community development loans.
• Assist CRA Community Development Specialist in reviewing and documenting qualifying loans and services.
• Analyze and monitor the bank's performance in loan penetration in assessment areas and report findings to the Community Development Committee.
• Review marketing materials to ensure outreach to low- and moderate-income communities.
• Develop CRA programs to meet credit needs in the Bank's assessment areas.
• Generate statistical data to inform sales and marketing campaigns for CRA qualified loans.
• Engage employees in community development services with nonprofit organizations.
• Coordinate financial education activities through associations like ABA and MBA.
• Serve as the principal liaison with auditors and examiners during CRA audits and federal examinations.

Benefits

• Permanent position with remote/hybrid work options.
• Opportunity to engage in community development services.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Administrative and Support Services
• Education Level: Bachelor's degree
• Number of Employees: 10,001+ employees